X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO, CA-The Fifth Avenue Financial Centre is currently undergoing a $5.5-million rehabilitation, which is slated for completion in spring 2003.

Developed by the Alessio family in 1965, the twelve-story office facility was once one of the tallest high-rises in the city, with the El Cortez Hotel being the only building here to tower over it. It is still a landmark however, having earned the reputation as the only family-owned high-rise in San Diego.

The owner, Alessio Investment Co., has planned a renovation that will upgrade the property while keeping “more of a sophisticated elegance in the design aesthetic,” according to Dominic Alessio, the company’s general partner. Located at 2550 Fifth Ave., the office building is slated to receive numerous upgrades including the addition of a new glass canopy, valet parking area, state-of-the-art fire suppression systems, security/camera system and emergency generator.

In addition, a new HVAC system, chillers and cooling tower are being installed. Interior improvements will include the refurbishment of the 1960s bronze chandelier, as well as the addition of Egyptian marble flooring. New retail storefront doors will be added, as well as signage, a security desk and elevator cabs. The renovation project, which was designed by Carrier Johnson, is being carried out by general contractor Roel Construction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.